Tris nonylphenyl phosphite market is projected to reach USD 309.8 million by 2021, at a CAGR of 5.6% from 2016 to 2021 due to increasing consumption of phosphite based antioxidants in the polymers, petrochemicals, rubber and food packaging industries is driving the global tris nonylphenyl phosphite market.
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The petrochemical industry is the second largest consumer of phosphite antioxidants. The demand for TNPP in the petrochemical industry has appreciated in the past due to its high processing stability.
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TNPP offers better stability and prevents discoloration during polymer processing. These inherent properties make it a preferable material in the petrochemical industry.
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Major companies profiled in this report are
- Addivant USA, LLC (U.S.),
- Galata Chemicals Holding GMBH (Germany),
- Dover Chemical Corporation (U.S),
- Sterling Auxiliaries Pvt. Ltd. (India),
- Songwon Industrial Co., Ltd (Korea),
- Gulf Stabilizers Industries (Saudi Arabia)
- Sandhya Group (India).
The petrochemical industry is planning on significant capacity expansions during the next 4-5 years due to the rising demand from end-users. With the growth in this application segment, the demand for TNPP is estimated to increase during the forecast period.
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The Asia-Pacific tris nonylphenyl phosphite market is expected to grow at the highest CAGR from 2016 to 2021. Growth in this market is mainly attributed to the increasing demand for tris nonylphenyl phosphite antioxidants from end-use applications.
Above point will clear as per following breakdown
Breakdown of Profile of Primary Participants:
- By Company Type: Tier 1 - 57 %, Tier 2 - 29%, and Tier 3 - 14%
- By Designation: C Level - 55%, Director Level - 36%, and Others - 9%
- By Region: North America - 57%, Europe - 14%, Asia-Pacific - 22%, and RoW - 7% (includes Latin America and Middle East & Africa)
TNPP offers an excellent price to performance ratio and is widely preferred as a stabilizer in polymer processing due to its economic benefits. The growing consumption of stabilizers in the Asia-Pacific region is expected to drive the TNPP market in this region.
South Korea and China are the two major countries which are expected to grow at the highest CAGR during the forecast period.
The growth in these two countries is mainly due to the rising demand for polymer stabilizers and petrochemical products. One of the major producers of polymer stabilizers in this region is Songwon Industrial Co., Ltd.
Browse complete report on Tris Nonylphenyl Phosphite with 107 pages including 40 tables as well elaborative 53 figures at www.rnrmarketresearch.com/tris-non…arket-report.html
List of Tables
Table 1 Tris Nonylphenyl Phosphite Product Properties and Identifiers
Table 2 General Assumptions
Table 3 Yearwise Forecast and Assumptions
Table 4 Europe : Manufacturing Cost Analysis
Table 5 Asia-Pacific : Manufacturing Cost Analysis
Table 6 MEA : Manufacturing Cost Analysis
Table 7 Global Tris Nonylphenyl Phosphite Market, By Application,
Table 8 Global Tris Nonylphenyl Phosphite Market, By Application,
Table 9 Stabilizers Market, By Region, 2014-2021 (USD Million)
Table 10 Stabilizers Market, By Region, 2014-2021 (Tons)
Table 11 Petrochemicals Market, By Region, 2014-2021 (USD Million)
Table 12 Petrochemicals Market, By Region, 2014-2021 (Tons)
This report covers the following key aspects:
- The market size by 2021 and the growth rate for the period 2016-2021
- The key market trends
- The factors that are expected to drive the market
- The barriers that impact market growth
- The key players in this market
The report categorizes the global tris nonylphenyl phosphite market on the basis of application and region. This report offers an overview of the market trends, drivers, and restraints with respect to the global tris nonylphenyl phosphite market.
It also provides a detailed overview of the market across five regions, namely, Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America. A detailed analysis of the leading players, along with the key growth strategies adopted by them is also covered in the global tris nonylphenyl phosphite market report.
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